BRINGING POLYMERS TO LIFE INVESTOR PRESENTATION – OCTOBER 2016
Index 2. 3. 1. 4. Company Business/ Executive Financial Overview Industry Summary Overview Overview 2
1. Executive Summary 3
Executive Summary Incorporated in 1992, Time Technoplast Ltd. (TTL) Is a manufacturer of technically driven innovative Polymer products • catering to growing industry segments like, Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Infrastructure related products, Material Handling Solutions and Composite Cylinders. The company has a presence in 9 countries operating from various manufacturing facilities in 29 locations across the globe Overview • and is recognized for its innovative polymer products. Company got listed on NSE & BSE in 2007, with a market capitalization of approximately 2,000 Cr INR (as on 30 th Sep’ 16) • Industrial Packaging – HM-HDPE plastic Drums/Jerry Cans, Intermediate Bulk Containers (IBC) and Pails • Infrastructure – Polyethylene (PE) pipes, Prefab Shelters, Energy storage devices • Technical & Lifestyle – Turf & Matting , Disposable Bins, Auto Products • Business Mix New Initiative High Growth Products : Composite Cylinders, MOX Films • Other Products: Material Handling Solutions • Chemicals – BASF, Huntsman, Bayer, Clariant, Aditya Birla Chemicals, Du Pont, Eco Lab, Etc. • Petrochemicals – Shell, Indian Oil, Gulf, Castrol, Total, etc. • Marquee Auto : Ashok Leyland, Tata Motors, Eicher Motors, Volvo, Etc. • Clients Others – Cargill, GE, L&T, Nestle, Unilever, Etc. • Total Income - INR 24,742 Mn; 5 Year CAGR 20% • EBITDA - INR 3,501 Mn: 5 Year CAGR 12% FY16 Financial • Highlights PAT - INR 1,383 Mn: 5 Year CAGR 9% • 4
2. Company Overview 5
Time Technoplast Ltd. (TTL) Snapshot • Time Technoplast Ltd. (TTL) began its operations in 1992 with a production FY16 Segment Wise Revenue facility for Drums in western region of India, followed by gradual diversification and expansion at 18 locations in India and 11 locations overseas. Others 1% • TTL has created a diversified portfolio of polymer based products like Industrial Tech & Industrial Lifestyle Packaging Packaging, Infrastructure, Automotive, Lifestyle Space, material handling, etc. (T&L) (Domestic) 11% • The company is literally driving the end user industries to shift from metal to 46% Infrastructure polymer packaging and has successfully managed to capture a significant 14% Industrial market share in India and across many manufacturing countries. Packaging (Overseas) • TTL employs over 3,600 personnel and has operational footprints in India and 28% overseas countries like UAE, Bahrain, Egypt, Thailand, Vietnam, Malaysia, Indonesia and Taiwan. • TTL has also recently ventured into highly technical and innovative products like Composite Cylinders and Multiaxial Oriented Cross Laminated Films (MOX). FY16 Geographical Revenue Financial Performance – Revenue and PAT (INR Mn) 1,096 1,383 Domestic 954 Overseas 71% 29% 24,797 24,742 21,923 6 2014 2015 2016
Key Milestones Expansion through a calculated mix of organic as well as inorganic growth 2007 -2010 2001 - 2006 1992 - 2000 2011-2016 • Launched Automotive & • Green field manufacturing set up • Incorporated Pvt. Ltd. • Got listed on NSE & BSE Construction related overseas - Bahrain, Indonesia, Company • Entered into battery business Products Vietnam, Egypt, Malaysia. • Production facilities in • JV with Mauser for • Production facilities in East • Acquisition in Industrial Packaging western region manufacturing steel drums India Segment – Thailand & Taiwan • Launched Lifestyle • Joint Venture with Schoeller • Ventured in Thailand • Started Material Handling Business products Allibert Systems for material • Acquisition of TPL Plastech • Started HDPE pipe manufacturing • Expanded in North and handling solutions Ltd. South India • Acquisition of company for • Green field manufacturing set technology of Composite Cylinders up in Sharjah (UAE) in Czech Republic and • Additions in products base such consolidation with existing units in as such as Plastic Fuel Tanks, India Prefab Shelters & Disposal Bins • Started MOX films business Pre IPO (prior to 2007) Post IPO (from 2007) 7
Management Team Mr. Anil Jain Mr. Bharat Vageria Mr. Raghupathy Thyagarajan Mr. Naveen Jain Managing Director Whole Time Director - Finance Whole Time Director Marketing Whole Time Director Technical • Degrees in Science, Engineering • Degree in Commerce and a • Degree in Science and • Degree in Engineering from IIT from Punjab University and Fellow of Institute of Chartered Masters in Business Delhi with over 25 years Business Management from Delhi Accountants (FCA) Administration from Mumbai experience in production, University. • More than 26 years of University with over 25 years of quality management and • Over 29 years in the field of experience in the Polymer industrial experience. projects management. polymer technology and Industry. • Overseeing the marketing • Responsible for operations of products. • He is responsible for the and sales functions, regional all the plants, technical • Mr. Anil Jain is a founder of TTL Accounts, Finance, Corporate operations, systems and developments and and right from commencement Affairs, Taxation and Legal commercial functions of the technology upgradation at of its business he has worked Affairs of the Company. company at the corporate the corporate level. towards making Time level. Technoplast Ltd. - a leading polymer product company in India. People‘s Strength Nos. Engineers/Technologists 275 Certified Accountants/MBA’s (Finance) 28 Marketing Professionals /MBA’s (Marketing) 90 IT/Systems Specialists 14 R&D 28 TOTAL 435 Median Age 31.9 Percentage of Foreign Nationals 20 8
Geographical Presence Annual Installed Capacity India Overseas Total Plastic Products ( ‘000 MT) 155 56 211 IBC (‘000 Nos) 180 360 540 Jammu Batteries (Mn Ahm) 300 - 300 Baddi Composite Cylinders (‘ 000 Nos) 700 - 700 Pant Nagar Bhuj Ahmedabad INDIA Bahrain Taiwan Egypt Ratlam Kolkata India Panoli UAE Thailand Daman (U.T) Silvassa Talasari Pen Vietnam Hyderabad Mahad Hubli Malaysia Bengaluru Indonesia Gummudipundi Hosur Head Office (Mumbai) Regional Offices WE are where OUR CUSTOMERS are…. Focus on high Existing Manufacturing growth manufacturing geographies Locations 9
Global Marquee Customers Chemicals Petrochemicals / Lubricants Others 10
Key Strengths Strategic Positioning: Industrial Packaging (IP) Industry is shifting from steel drums to polymer drums, • Global Industrial Packaging Ranking (Polymer) Penetration of Polymer Drums in Asia is just 13% so there lies a huge potential in the • Asian Polymer Drums market, with 55% domestic penetration. Polymer Company IBC Drums TTL is the Largest manufacturer of Industrial Packaging (Polymers) in Asia and Middle • East & North Africa (MENA) region with in 9 countries (market leader in 8). Mauser 1 2 Globally, the IP market is highly consolidated with 4 players accounting to more • Schutz 3 1 than 75% of market share. TTL is the 4 Th Largest manufacturer of Industrial Packaging Products (Polymers) worldwide. Greif 4 4 TTL is the 2 nd largest Intermediate Bulk Container (IBC) manufacturer in Asia and • MENA Region and 3 rd largest worldwide . TTL 2 3 The Domestic market is highly concentrated, TTL accounts to nearly 70% of market • share and is the largest player. Industrial Packaging (polymers) One out of two established manufacturers of Composite Cylinders worldwide with • the largest product portfolio (2 kg – 22 kg) LPG Cylinders. Market Share TTL has the 2 nd largest capacity for high pressure PE Pipes for industrial use in India. • For most of the products the company has Indigenously designed & developed • products with In-house Technology. Balmer Others Lawrie Van The company has its own Machinery Building Division for captive purpose and to • 15% Leer protect the technical know how of manufacturing. 15% TTL has created strong branding with more than 20 recognized brands. • TTL Group 70% Distribution & Networking: Company has 18 Strategically located plants all across the country (within 300 kms • range) for efficient distribution and inventory management. Company has over 600 institutional customers globally and is increasing tie ups with • MNCs across different countries. Wide network for Lifestyle Products with more than 350 distributors across 500 cities • and presence in nearly 9000 retail outlets. 11
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